RBC International Equity Currency Neutral Fund

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Dominic Wallington

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Mayur Nallamala

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Investment Objective

To provide long-term capital growth. The fund invests primarily in units of other mutual funds managed by RBC GAM or an affiliate of RBC GAM (called the underlying funds), emphasizing mutual funds that invest in equity securities of companies outside of North America while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar. The fund aims to provide exposure to economies that offer different business cycles and growth opportunities than North American markets.

Fund Details

Series: D
Fund Code: RBF1068
Load Structure: No Load
Currency: CAD
Inception Date: Apr, 2014
Series D NAV $: 13.31
Series D MER %: 1.28
Benchmark:
  • MSCI EAFE Total Return Net Index (local currency)


  • Income Distribution: Annually
    Capital Gains Distribution: Annually
    Sales Status: Open
    Minimum Investment $: 500
    Subsequent Investment $: 25

    Notes:

    Resources


    Performance Analysis as of  October 31, 2017

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    Unilever PLC 3.5
    Novo Nordisk A/S B 3.2
    RELX NV 3.2
    SoftBank Group Corp 2.6
    Mitsubishi UFJ Financial Group Inc 2.5
    CSL Ltd 2.5
    London Stock Exchange Group PLC 2.4
    Royal Dutch Shell PLC Class A 2.3
    LVMH Moet Hennessy Louis Vuitton SE 2.3
    Roche Holding AG Dividend Right Cert. 2.2
    % Assets
    Total % of Top Ten Holdings 26.8
    Total Number of Stock Holdings 73
    Total Number of Bond Holdings 0
    Total Number of Other Holdings 1
    Total Number of Holdings 74
    Equity Style
    Statistics
    P/B Ratio 2.8
    P/E Ratio 19.3
    Avg. Mkt Cap. $Bil 45.1
    Top Geographic Allocations
    % Assets
    United Kingdom 27.0
    Eurozone 25.6
    Japan 17.6
    Europe (Ex Eurozone) 14.4
    Asia (Emerging) 4.7
    Australia 4.6
    Asia (Developed) 4.2
    United States 1.0
    Canada 0.8
    Latin America 0.0
    Global Equity Sectors
    % Equity
    Financials 17.3
    Health Care 14.9
    Consumer Discretionary 14.3
    Industrials 13.5
    Consumer Staples 12.7
    Information Technology 12.2
    Materials 8.4
    Telecommunications Services 3.5
    Energy 3.1

    Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.